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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,531 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,209 | $50,385+77.1% | $75,501+18.2% | $62,293+43.2% |
| Participation rate | 95.7% | 67.7%+28.0pp | 72.4%+23.3pp | 69.5%+26.2pp |
| Annual return | 19.93% | 19.90%0pp | 27.35%-7.4pp | 28.90%-9.0pp |
| Employer contribution / active EE | $3,693 | $1,537+140.3% | $2,352+57.0% | $2,042+80.9% |
| Participant deferral / active EE | $6,984 | $2,445+185.6% | $3,142+122.2% | $3,169+120.4% |
| Admin fee / account holder | $48 | $384-87.5% | $5,801-99.2% | $479-90.0% |